607:Crypto Oversight in U.S. and EU, Stablecoin Debate in India, and Digital Ruble

Overnighters,

Episode 607:
US GAO Explores Blockchain
Russian Parliament Passes Digital Ruble
Stablecoin vs Digital Rupee
and More

The TL;DL

Lummis and Gillibrand’s Next Move - U.S. Senators propose a game-changing crypto oversight bill, aiming to redefine securities and empower the CFTC.

EU’s Crypto Proposals - The ESMA issues detailed crypto proposals under the MiCA law, setting standards for user complaints and conflict management.

Senators Seek Industry Guidance - U.S. Senate Finance Committee seeks crypto industry's help to understand and tackle tax issues related to digital assets.

CBDC Alert (India) - Reserve Bank of India's Deputy Governor voices concerns over stablecoins, fearing they could threaten policy sovereignty.

CBDC Alert (Russia) - Russia's digital ruble project advances as the State Duma passes the bill, moving it closer to becoming a reality.

US GAO Explores Blockchain - The U.S. Government Accountability Office investigates blockchain's potential to improve oversight of Small Business Administration programs.

Crypto Overnighter Podcast (7/12/2023): Welcome back to the Crypto Overnighter with your host, Nikodemus. We provide nightly updates on cryptocurrency, NFTs, the metaverse, and the surrounding industry. Remember, this show does not offer financial advice.

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